This 13,000-square-foot mansion in Beverly Hills has a new owner - one who wasn’t accused of laundering about $250 million from a Malaysian government investment fund and using the stolen cash to produce “The Wolf of Wall Street.” You also have to see the Malibu home built by Ed Niles, which most would identify as a futuristic airport terminal or a Bond villain’s lair more than a home. In Beverly Hills, an infamous mansion built with bizarre taste and potentially shady funding traded hands for $27.4 million - the priciest sale in the 90210 so far this year. This week saw new listings from Vice Media co-founder Shane Smith and Warriors star Steph Curry. (See the editor’s note below for a recap.) The Hot Property section and name, meanwhile, are moving to a sponsored content format separate from this newsletter and from our real estate coverage. While we bid a fond farewell to Hot Property legend Lauren Beale, you, dear reader, are still in good hands. Their work will live on the brand-new Real Estate page and be condensed into this weekly newsletter. The newsroom is beefing up its commitment to all things real estate by bringing the work of housing market reporter Andrew Khouri, commercial real estate reporter Roger Vincent and luxury real estate reporter Jack Flemming under one umbrella. Welcome to the Real Estate newsletter, which marks an exciting new period for The Times’ coverage of Southern California’s larger-than-life real estate market.

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